答案和详解如下： Q1. An analyst views the assumptions made by a company regarding its pension liabilities as unrealistic, and thinks the discount rate and expected rate of return should both be increased. The most likely effect of increasing the discount rate and expected rate of return on the vested benefit obligation (VBO) is: Discount rate Expected rate of return
A) Decrease No effect B) Increase No effect C) No effect Decrease Correct answer is A) The VBO will decrease because a higher discount rate will cause the present value of the future obligations to decline. There will be no effect from changing the expected rate of return because expected return relates to the pension funding and expense, not to the size of the obligation. Q2. The vested benefit obligation is defined as the: A) actuarial present value of all future pension benefits earned to date and based on current salary levels, ignoring future increases. B) actuarial present value of all future pension benefits earned to date based on expected future salary increases. C) amount of the accumulated benefit obligation (ABO) to which the employee is entitled based on the company’s vesting schedule. Correct answer is C) The vested benefit obligation is defined as the amount of the accumulated benefit obligation (ABO) to which the employee is entitled based on the company’s vesting schedule. Q3. The accumulated benefit obligation is defined as the: A) actuarial present value of all future pension benefits earned to date based on expected future salary increases. B) actuarial present value of all future pension benefits earned to date and based on current salary levels. C) increase in the projected benefit obligation (PBO) due to the passage of time. Correct answer is B) The accumulated benefit obligation is defined as the actuarial present value of all future pension benefits earned to date and based on current salary levels, ignoring future increases. Q4. Which of the following is NOT a measure of pension plan liabilities for a defined benefit pension plan? A) Vested benefit obligation. B) Projected benefit obligation. C) Deferred benefit obligation. Correct answer is C) Deferred benefit obligation is not one of the measures of pension plan liabilities for a defined benefit pension plan. Q5. The projected benefit obligation (PBO) is defined as the: A) actuarial future value of all post-retirement healthcare benefits earned to date. B) actuarial present value of all future pension benefits earned to date based on expected future salary increases. C) actuarial present value of all future pension benefits earned to date and based on current salary levels. Correct answer is B) The projected benefit obligation (PBO) is defined as the actuarial present value of all future pension benefits earned to date based on expected future salary increases. | 
发表于 2009-1-17 14:18
| 
